For Immediate Release
Chicago, IL – 03/09/2012 – Zacks highlights commentary from People and Picks Trader “DiviMo”.
For more Voice of the People, visit http://at.zacks.com/?id=5851
MCD: Fools’ Panic Selling Makes Buying Opportunity
RobtheMarketBlind lives for these conditions. A stock has a great month. In this case, February, where worldwide sales increased 7.5%. In the USA, sales increased a whopping 11.1%!!!
However, this was below 'analyst's expectations'. Please note that McDonalds, the King of Eateries, doesn't provide guidance...so the analyst expectations were just naked guesses!
Already however, price targets are being increased. Sterne Agee raises McDonald's (MCD) price target to $112/share from $109 and reiterate its buy rating
This was a great month for Big Mac and its intro to chicken bites was another food product winner!
Also expect a double digit increase in its dividend again this year. Last year the dividend yield growth was 14.75%.
Big MCD is also a perfect RTMB stock. It's safe. It outperformed the market in the year 2008 funk. It even didn't experienced large fluctuations during the debt crisis in the third quarter 2011.
The dumb money is selling, the smart money and RTMB bandits are awaiting in the wings for some nice profit. In the meantime, try the bread at Panera ( PNRA), a fellow 'participant' on this side is always drooling about it.
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